NYP says Western sanctions have not affected Russian maritime shipping
It is noted that according to data from the Refinitiv tracking system, the volumes of crude oil and oil products shipped from Russian ports rose to 25 million metric tons in April, compared with 24 million in January, February and March 2022.
According to a leading oil analyst at research firm Kpler Matt Smith, the export of Russian black gold actually increased last month. He stressed that the Russian side compensates for the losses from the fall in the volume of raw material exports due to the increase in energy prices.
According to the publication, a similar situation is developing in the field of dry cargo transportation. Maritime information service Lloyd’s List Intelligence said Russia’s trade with China and Japan has remained stable. It is also noted that the number of bulk carriers that are sent to South Korea, Egypt and Turkey has increased.
The authors of the article write that these figures contrast with the statements of world leaders who talk about the harmful nature of the sanctions.
Previously ineffective sanctions considered in Japan. Doctor of Economic Sciences Junichi Yadova, in an article for the Japanese edition of Shukan Gendai, said that Russia’s disconnection from the international SWIFT system did not have the desired effect.
The expert noted that only seven Russian banks fell under restrictive measures, which account for only 30 percent of total banking assets. At the same time, several of the largest banks avoided sanctions, he recalled.